Independent Wealth Network Inc. Has $556,000 Stake in Kohl’s Corporation (NYSE:KSS)

Independent Wealth Network Inc. boosted its holdings in Kohl’s Corporation (NYSE:KSS) by 99.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,937 shares of the company’s stock after purchasing an additional 33,885 shares during the period. Independent Wealth Network Inc. owned about 0.06% of Kohl’s worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of KSS. Victory Capital Management Inc. raised its stake in Kohl’s by 52.7% in the 1st quarter. Victory Capital Management Inc. now owns 225,406 shares of the company’s stock worth $1,844,000 after purchasing an additional 77,759 shares in the last quarter. CWM LLC increased its position in shares of Kohl’s by 49.7% during the first quarter. CWM LLC now owns 4,177 shares of the company’s stock worth $34,000 after buying an additional 1,386 shares during the period. Allworth Financial LP increased its position in shares of Kohl’s by 5,814.2% during the first quarter. Allworth Financial LP now owns 9,581 shares of the company’s stock worth $78,000 after buying an additional 9,419 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Kohl’s by 178.7% in the first quarter. Nisa Investment Advisors LLC now owns 41,800 shares of the company’s stock valued at $347,000 after buying an additional 26,800 shares in the last quarter. Finally, Silverlake Wealth Management LLC bought a new position in shares of Kohl’s in the first quarter valued at $105,000. Institutional investors own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of Kohl’s from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Friday, May 30th. Wall Street Zen lowered shares of Kohl’s from a “hold” rating to a “sell” rating in a report on Sunday, June 22nd. Robert W. Baird lifted their target price on shares of Kohl’s from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, May 30th. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 price objective on shares of Kohl’s in a research report on Thursday, May 29th. Finally, Evercore ISI reduced their target price on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Eight investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average price target of $9.75.

Kohl’s Stock Up 2.7%

Shares of Kohl’s stock opened at $9.64 on Friday. Kohl’s Corporation has a twelve month low of $6.04 and a twelve month high of $22.60. The company has a current ratio of 1.09, a quick ratio of 0.14 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.84 and a beta of 1.66. The business’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $9.64.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.09. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Kohl’s had a return on equity of 4.71% and a net margin of 0.75%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.24) earnings per share. Equities research analysts forecast that Kohl’s Corporation will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Wednesday, June 11th. Kohl’s’s payout ratio is presently 45.87%.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.